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At Premier Mortgage Funding, we've worked hard to make
getting a Colorado mortgage with us as simple and efficient
as possible. Below you will find an overview of the process.
Don't worry, you're in good hands! We will guide you every
step of the way.
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Determine
Loan Program and Amount
Upon pulling your credit and gathering basic income and
debt estimates, our loan counselors will help you determine
the very best Colorado mortgage program to suit your individual
needs and goals.
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Receive
Loan Application
When we receive your completed application and review credit,
we submit the information into our automated underwriting
system for approval. An appraisal of the property is also
ordered.
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Complete
Your Loan Application
Once you select a mortgage program, the next step is completing
a full "1003" loan application. The application
can be completed online, by phone, or by downloading the
form and faxing it to our office.
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Approve
Loan Request
Underwriting will issue a conditional approval with a list
of required supporting documentation specific to your loan
program such as W2s, paystubs, bank statements, etc.
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Submit
Your Application for Approval
When you have completed your loan application, the next
step is to submit it for approval. Your application will
provide us will all of the information necessary to begin
processing your loan.
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Process
Your Loan Package
At this point we review the appraisal, Purchase & Sale
Agreement (if applicable), and your supporting documentation
for final underwriting approval.
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Return
Requested Documentation
As we process your loan, we will request supporting documentation
specific to your loan program such as W2s, paystubs, bank
statements, etc. Returning these items promptly ensures
a faster closing.
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Clear
Final Loan Package
At this stage, we order title work and coordinate closing
logistics with the title & escrow agent. We will also
verify that you have obtained homeowner's insurance. Docs
are drawn and sent to the title co.
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Close
Your Loan!
Once we've received all of your documentation, appraisal
and title work, and completed underwriting, you're ready
to close. You will sign all of your loan and title docs
and you're done!
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Close/Fund
Your Loan!
Once the title company has received the loan docs and the
escrow account is funded, you're set to close!
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